Shuijingfang updates governance, elects board, OKs payout, and more

Sichuan Swellfun's (SSE:600779) annual general meeting on June 18, 2025 saw shareholders approve a raft of changes, along with the 2024 dividend and business reports. Key resolutions included revising the company's articles of association to eliminate the board of supervisors, updating rules for shareholder and board meetings, re-electing directors, and approving executive compensation for 2024 with guidelines for 2025. The 2024 annual financial report, and earnings distribution plan that allocates a minimum 30% of profits for cash dividends, also received shareholder backing. Additionally, the board secured approval to secure credit lines with banks. Shareholders holding 65.63% of the shares with voting rights, attended the meeting, where the election of directors, and amendments to internal rules were approved.